UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Position in Premier, Inc. (NASDAQ:PINC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Premier, Inc. (NASDAQ:PINC - Free Report) by 16.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 384,851 shares of the company's stock after purchasing an additional 54,392 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.40% of Premier worth $8,159,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. SRS Capital Advisors Inc. increased its holdings in shares of Premier by 157.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company's stock valued at $27,000 after acquiring an additional 786 shares during the last quarter. Keystone Financial Group Inc. acquired a new position in Premier during the 4th quarter worth $37,000. Smartleaf Asset Management LLC boosted its position in Premier by 297.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,906 shares of the company's stock worth $40,000 after acquiring an additional 1,427 shares during the period. Van ECK Associates Corp boosted its position in Premier by 28.0% during the 4th quarter. Van ECK Associates Corp now owns 2,041 shares of the company's stock worth $43,000 after acquiring an additional 446 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in Premier during the 4th quarter worth $52,000. 74.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Premier

In related news, General Counsel David L. Klatsky sold 10,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $19.53, for a total value of $195,300.00. Following the transaction, the general counsel now directly owns 90,597 shares of the company's stock, valued at approximately $1,769,359.41. The trade was a 9.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Helen M. Boudreau sold 2,000 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $22.88, for a total value of $45,760.00. Following the completion of the sale, the director now owns 18,668 shares in the company, valued at $427,123.84. This represents a 9.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,982 shares of company stock worth $490,791. 0.96% of the stock is currently owned by insiders.

Premier Stock Performance

NASDAQ:PINC traded up $0.11 on Wednesday, hitting $23.17. 1,395,874 shares of the stock were exchanged, compared to its average volume of 1,263,037. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of -231.68 and a beta of 0.54. Premier, Inc. has a 52 week low of $17.23 and a 52 week high of $23.56. The company's 50-day moving average price is $21.13 and its 200 day moving average price is $20.73.

Premier Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Sunday, June 1st will be given a $0.21 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 3.63%. Premier's dividend payout ratio is presently 147.37%.

Wall Street Analyst Weigh In

PINC has been the subject of several research analyst reports. Piper Sandler upped their price objective on Premier from $19.00 to $24.00 and gave the company a "neutral" rating in a report on Wednesday, May 21st. Robert W. Baird upped their price objective on Premier from $19.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Finally, Canaccord Genuity Group upped their price objective on Premier from $19.00 to $22.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $22.20.

Premier Company Profile

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and workforce solutions.